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When Self-Interest Is Self-Defeating: The Public Goods Experiment As A Teaching Tool

Listed author(s):
  • Nelson, Robert G.
  • Beil, Richard O., Jr.

This simple classroom experiment demonstrates many of the behavioral phenomena associated with the voluntary provision of a public good. The mechanics of the game are explained in detail and complete instructions are provided, as well as suggestions for follow-up lectures. Influences such as anonymous voting, persuasion, returns to free-riding, and duration of association can be explored in connection with concepts of incentives, individual rationality, and group welfare. A number of variations and extensions can be used to incorporate prisoners' dilemmas, incentive compatible mechanisms, negative externalities, and Coasian bargaining.

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File URL: http://purl.umn.edu/15171
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Article provided by Southern Agricultural Economics Association in its journal Journal of Agricultural and Applied Economics.

Volume (Year): 26 (1994)
Issue (Month): 02 (December)
Pages:

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Handle: RePEc:ags:joaaec:15171
Contact details of provider: Web page: http://www.saea.org/jaae/jaae.htm

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  1. Bagnoli, Mark & McKee, Michael, 1991. "Voluntary Contribution Games: Efficient Private Provision of Public Goods," Economic Inquiry, Western Economic Association International, vol. 29(2), pages 351-366, April.
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